In which THREE circumstances is an adviser deemed to have custody under the SEC Custody Rule?
1) The investment adviser is mistakenly sent a check payable to the client and returns it to the sender within five business days of receipt.
2) The investment adviser deducts advisory fees from the client's account with the client's prior written consent.
3) The investment adviser takes possession of a check drawn by the client that is payable to a third party.
4) The investment adviser acts as one of three or more trustees in regards to an advisory client's account.